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Dogecoin may drop 20% to $0.076 amid bearish pattern and record low memecoin dominance.

Technical Signals
06 Oct 2026
FXEmpire
View Source
Bearish
Dogecoin may drop 20% to $0.076 amid bearish pattern and record low memecoin dominance.

Dogecoin is showing signs of a potential 20% price decline to around $0.076 due to a bearish ascending broadening wedge pattern on its daily chart. This technical setup suggests increased volatility and a possible reversal if the price breaks below the $0.090–$0.092 support zone. Additionally, memecoin dominance has fallen to a record low of 2.7% relative to the broader altcoin market, indicating weak sector demand. While low dominance could sometimes signal a rebound, the current combination of technical weakness and sector underperformance points to continued downside risk for Dogecoin in the near term.

While Dogecoin faces potential downside risks as noted in the article, on Pluang as of Oct 06, 2026 17:02 WIB, DOGE trades at Rp1.697 with a 1-day decline of 1.45%. Despite this, the Pluang order activity shows a strong buying interest at 76% Buy versus 24% Sell. The typical hold time of 110 days suggests investors on the platform maintain a medium-term view on Dogecoin amid current volatility.

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